CHART: The Crazy Contract The Mets Gave Bobby Bonilla Was Actually Incredibly Smarthttp://www.businessinsider.com/chart-contract-new-york-mets-bobby-bonilla-2013-7/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 20 Mar 2018 00:41:48 -0400Cork Gaineshttp://www.businessinsider.com/c/51d46396eab8ea7d5a00000bBenLey1Wed, 03 Jul 2013 13:47:02 -0400http://www.businessinsider.com/c/51d46396eab8ea7d5a00000b
Where the hell are you going to get an 8% interest rate these days? The stock market is a joke and the best you'll get from a CD is 3-4%. And Bonilla wouldn't just invest the $5.9 million and not touch it for 25 years, what kind of article is this? Stick to writing, not financial analysis, since you clearly have no idea what you're talking about.http://www.businessinsider.com/c/51d452c3ecad049140000003bittergreenWed, 03 Jul 2013 12:35:15 -0400http://www.businessinsider.com/c/51d452c3ecad049140000003
I'm sure the Mets invested that Bonilla money with Madoff Securities that seemed to produce a rather remarkably constant 10%http://www.businessinsider.com/c/51d4464eecad04412a000004nycgeographyWed, 03 Jul 2013 11:42:06 -0400http://www.businessinsider.com/c/51d4464eecad04412a000004
Seriously Henry how do you allow this to be posted. The only reason is you know its gonna get read and criticized but read nonetheless. So to all you other commentators, we've just been sold to Henry's advertisers... looks like Jennifer Convertibles in my particular case.http://www.businessinsider.com/c/51d41f4269bedd1722000009jk32123Wed, 03 Jul 2013 08:55:30 -0400http://www.businessinsider.com/c/51d41f4269bedd1722000009
Where can you invest at 8%? Please let me know!http://www.businessinsider.com/c/51d416336bb3f7995a00002eJoe SchmatzWed, 03 Jul 2013 08:16:51 -0400http://www.businessinsider.com/c/51d416336bb3f7995a00002e
The S&P 500 returned about 2.5% from 2000-2011. That's about .4% annualized, not close to 8%. The Mets invested the money with Madoff and lost it all. Either way, Bonilla came out ahead.http://www.businessinsider.com/c/51d3bdd5eab8ea6d09000017Gary Dell'AbateWed, 03 Jul 2013 01:59:49 -0400http://www.businessinsider.com/c/51d3bdd5eab8ea6d09000017
8 % interest rate.Haha.Bobby Bonilla won in this.Bobby Bonilla ALWAYS WINS!http://www.businessinsider.com/c/51d39bd3ecad04a65a00000aKevinMTue, 02 Jul 2013 23:34:43 -0400http://www.businessinsider.com/c/51d39bd3ecad04a65a00000a
Eight percent, huh?
What happens at the current risk free rate of less than three percent?http://www.businessinsider.com/c/51d38da569beddaa4e000002boogeyman jonesTue, 02 Jul 2013 22:34:13 -0400http://www.businessinsider.com/c/51d38da569beddaa4e000002
but who is giving them this 8% interest rate? ya dig?http://www.businessinsider.com/c/51d379036bb3f7831c000031Jay SandalsTue, 02 Jul 2013 21:06:11 -0400http://www.businessinsider.com/c/51d379036bb3f7831c000031
Cork and Tony just make up numbers are they go.http://www.businessinsider.com/c/51d35a6f6bb3f7bf6a000002Anything for a clickTue, 02 Jul 2013 18:55:43 -0400http://www.businessinsider.com/c/51d35a6f6bb3f7bf6a000002
I genuinely can't believe this got past an editor. No wonder BI uses so much borrowed and cross-posted content, if this is what qualifies as "original." AWFULhttp://www.businessinsider.com/c/51d34c5569bedd463400001enathanexplosionTue, 02 Jul 2013 17:55:33 -0400http://www.businessinsider.com/c/51d34c5569bedd463400001e
This is laughable.
"Assume all of these things work out and the sun shines rainbows and the stars align just so, etc., etc."http://www.businessinsider.com/c/51d34ac96bb3f73d4c00000bbluetahoe99Tue, 02 Jul 2013 17:48:57 -0400http://www.businessinsider.com/c/51d34ac96bb3f73d4c00000b
Yup it's that easy. Just go out and get an 8% return every year. Anyone can do that, right? That's why professional athletes never go broke after they retire. Ever. They know that anyone can just walk down to their nearest Fidelity and say "One 8% guaranteed investment please" and voila $100 million.http://www.businessinsider.com/c/51d3494169beddfd2c000014Ken NTue, 02 Jul 2013 17:42:25 -0400http://www.businessinsider.com/c/51d3494169beddfd2c000014
Let's face it. 8% during the 2000s would almost be impossible with a housing crash, stock market crash, etc. Bank interest rates are 0.25% or lower so the story seems based on faulty investment %s. Ultimately I believe it was a good deal for Bonilla as SI says that 70% of former athletes end up broke.
And finally, don't forget the Mets Bernie Madoff connection:
celebritynetworth.com/articles/entertainment-articles/bobby-bonilla-baseball-contract/http://www.businessinsider.com/c/51d32dff6bb3f7fc16000001whatsonallourmindTue, 02 Jul 2013 15:46:07 -0400http://www.businessinsider.com/c/51d32dff6bb3f7fc16000001
You forgot one very important thing....he wouldn't of invested it and received 8% compounding...he would be dead-broke just like most athleteshttp://www.businessinsider.com/c/51d32b626bb3f7a512000002uga101jdcmTue, 02 Jul 2013 15:34:58 -0400http://www.businessinsider.com/c/51d32b626bb3f7a512000002
Find me an account/fund that consistently pays 8% interest and I'll give you a portion of the gains.http://www.businessinsider.com/c/51d3236b6bb3f7f67a000029ConfusedTue, 02 Jul 2013 15:00:59 -0400http://www.businessinsider.com/c/51d3236b6bb3f7f67a000029
Please explain who is paying 8% interest and how you came up with 8%. What would your chart look like if you used 6%?